AppLovin (XSWX:APP) Price-to-Tangible-Book: 84.13 (As of Aug. 17, 2026) — 70% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:APP AppLovin Corp XSWX:APP
90 GF Score
Price CHF258.45
GF Value CHF467.22
! 1 Warning Sign
View Full Analysis

What is AppLovin Price-to-Tangible-Book?

AppLovin XSWX:APP +1.25% 90 Price-to-Tangible-Book is 84.13 as of Aug. 17, 2026, which is 70% below its 10-year median of 283.88. GuruFocus rates XSWX:APP with a GF Score™ of 90/100 and a GF Value™ of CHF467.22. The stock has 1 warning sign investors should review. Among 759 Media - Diversified companies, AppLovin ranks worse than 99.08% on this metric.

As of today (2026-08-17), AppLovin's share price is CHF258.45. AppLovin's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was CHF3.07. Hence, AppLovin's Price to Tangible Book Ratio of today is 84.13.

The historical rank and industry rank for AppLovin's Price-to-Tangible-Book or its related term are showing as below:

XSWX:APP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 82.05   Med: 283.88   Max: 1151.83
Current: 82.05

During the past 7 years, AppLovin's highest Price to Tangible Book Ratio was 1151.83. The lowest was 82.05. And the median was 283.88.

XSWX:APP's Price-to-Tangible-Book is ranked worse than
99.08% of 759 companies
in the Media - Diversified industry
Industry Median: 1.59 vs XSWX:APP: 82.05

A closely related ratio is called PB Ratio. As of today, AppLovin's share price is CHF258.45. AppLovin's Book Value per Sharefor the quarter that ended in Jun. 2026 was CHF7.54. Hence, AppLovin's P/B Ratio of today is 34.28.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


AppLovin Price-to-Tangible-Book Related Terms


AppLovin Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for AppLovin's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AppLovin Price-to-Tangible-Book Chart

AppLovin Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

AppLovin Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

XSWX:APP vs OMC, TTD, LFTO: Price-to-Tangible-Book Comparison

For the Advertising Agencies subindustry, AppLovin's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AppLovin Price-to-Tangible-Book vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AppLovin's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where AppLovin's Price-to-Tangible-Book falls into.


XSWX:APP
90GF Score
AppLovin Corp XSWX:APP
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AppLovin Price-to-Tangible-Book Calculation

AppLovin's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=258.45/3.072
=84.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about Price-to-Tangible-Book →
What does a Price-to-Tangible-Book of 84.13 mean?
AppLovin (XSWX:APP) has a Price-to-Tangible-Book of 84.13 as of Aug. 17, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on AppLovin and its competitors. This is 70% below median its historical median of 283.88. Over the past decade, AppLovin's Price-to-Tangible-Book has ranged from 82.05 to 1,151.83. According to the industry distribution chart, AppLovin ranks #752 out of 759 companies in the Media - Diversified industry, placing it in the top 99.1%.
Is AppLovin's Price-to-Tangible-Book too high?
AppLovin's current Price-to-Tangible-Book of 84.13 is 70% below median its 10-year median of 283.88. Over the past 10 years, this metric has ranged from a low of 82.05 to a high of 1,151.83. The Media - Diversified industry median Price-to-Tangible-Book is 1.59. AppLovin's value of 84.13 is 5191.2% above this industry median. Based on the distribution chart, AppLovin ranks #752 out of 759 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, AppLovin has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does AppLovin's Price-to-Tangible-Book compare to OMC and TTD?
According to the Media - Diversified industry distribution chart, AppLovin ranks #752 out of 759 companies for Price-to-Tangible-Book. This places AppLovin in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.59. AppLovin's value of 84.13 is 5191.2% above this benchmark. Historically, AppLovin's own Price-to-Tangible-Book has ranged from 82.05 to 1,151.83 over the past decade. While the company's 10-year median is 283.88 vs. the industry median of 1.59, AppLovin has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Media - Diversified company?
The median Price-to-Tangible-Book among Media - Diversified companies is 1.59, based on 759 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AppLovin's current Price-to-Tangible-Book of 84.13 is 5191.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on AppLovin and its competitors. For the Media - Diversified industry, the median Price-to-Tangible-Book is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AppLovin's current Price-to-Tangible-Book is 84.13, which is 70% below median its own 10-year median of 283.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AppLovin stock overvalued right now?
AppLovin (XSWX:APP) has a current Price-to-Tangible-Book of 84.13. The stock's GF Value™ is CHF467.22, compared to a current price of CHF258.45 — trading 44.7% below its estimated fair value. The current Price-to-Tangible-Book is 84.13, which is 70% below median its 10-year median of 283.88 and 5191.2% above the Media - Diversified industry median of 1.59. AppLovin's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For AppLovin (XSWX:APP), the current Price-to-Tangible-Book is 84.13 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AppLovin (XSWX:APP) Overvalued in 2026?

Based on GuruFocus' analysis, AppLovin stock appears to be undervalued. The current stock price of CHF258.45 is trading 44.7% below its estimated GF Value™ of CHF467.22.

Key valuation signals for XSWX:APP:

  • Price-to-Tangible-Book: 84.13 (70% below median its 10-year median of 283.88)
  • GF Value™: CHF467.22 vs. price of CHF258.45 (44.7% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 5191.2% above the Media - Diversified median (#752 of 759)

No single metric tells the full story. See the XSWX:APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AppLovin Business Description

Address 1100 Page Mill Road, Palo Alto, CA, USA, 94304
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
90GF Score

Get the complete analysis for XSWX:APP

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF258.45
Price
CHF467.22
GF Value